NWQ Investment Management Company LLC raised its holdings in shares of P H Glatfelter Co (NYSE:GLT) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,428,361 shares of the basic materials company’s stock after buying an additional 224,001 shares during the quarter. NWQ Investment Management Company LLC’s holdings in P H Glatfelter were worth $30,624,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of P H Glatfelter by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,828 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 638 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of P H Glatfelter in the third quarter valued at $178,000. Balter Liquid Alternatives LLC acquired a new position in shares of P H Glatfelter in the fourth quarter valued at $186,000. M&T Bank Corp acquired a new position in shares of P H Glatfelter in the fourth quarter valued at $273,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of P H Glatfelter in the third quarter valued at $298,000. Institutional investors and hedge funds own 91.66% of the company’s stock.
Shares of P H Glatfelter Co (GLT) opened at $22.41 on Tuesday. P H Glatfelter Co has a 1 year low of $16.53 and a 1 year high of $23.85. The firm has a market capitalization of $969.01, a price-to-earnings ratio of 131.82, a price-to-earnings-growth ratio of 3.31 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.68 and a quick ratio of 0.96.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, April 2nd. P H Glatfelter’s payout ratio is presently 305.88%.
GLT has been the topic of a number of analyst reports. Zacks Investment Research cut P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. TheStreet upgraded P H Glatfelter from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Finally, ValuEngine upgraded P H Glatfelter from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.58.
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About P H Glatfelter
P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.
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